Lyman Manzanares

Rehabilitation Plan under FRIA

Published: (Updated: ) in Law by .

Rehabilitation Plan shall refer to a plan by which the financial well-being and viability of an insolvent debtor can be restored using various means including, but not limited to, debt forgiveness, debt rescheduling, reorganization or quasi-reorganization, dacion en pago, debt-equity conversion and sale of the business (or parts of it) as a going concern, or setting-up of new business entity as prescribed in Section 62 hereof, or other similar arrangements as may be approved by the court or creditors.

Section 4(ii)
Rep. Act No. 10142
August 16, 2010

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